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Could you be the next member of the MPC?

Could you be the next member of the MPC?

Category: Economy

Updated: 13/06/2012
First Published: 13/06/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

If you fancy raking in more than £131,000 a year while working part time, then the current vacancy at the Bank of England could be right up your street!

The Bank is currently looking for a new member to join its Monetary Policy Committee (MPC) which is charged with making decisions on interest rates and quantitative easing each month.

You'll be required to work an average of three days a week 'formulating monetary policy', and in return you'll be awarded a salary of £131,771 and healthcare benefits.

It means you'll be earning more than double that of MPs, although you'll still trail the Prime Minister by the odd £10,000.

To be in with a shout, you'll be expected to have:

  • Strong and proven economics knowledge and skills
  • Analytical ability
  • Independence of thought and interpersonal skills
  • Communication skills; and
  • Undisputed integrity and standing

The contract will be for an initial stint of three years, with members of the MPC able to work for another three year term as part of the rate-setting committee afterwards.

So if you're after a high profile and influential role with plenty of money and time off, this could be the opportunity you've been waiting for.

But move quickly, the closing date is Friday 15 June – good luck!

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